The Split Humanity

The Split Humanity…
A talk by
Masood Rezvi(Mail:masoodrezvi@gmail.com, Twitter: @RezviMasood)
author of
“Tightening Noose
of
Poverty”
(ISBN-10: 1517533066 ISBN-13: 978-1517533069)
Copyright © 2015, 2016, 2017 Masood Rezvi
All rights reserved.
कै से कै से मंज़र देखे, जनतंत्री सरकारों में |
भूखे बच्चे पत्तल चाटें, कु त्ते घूमें कारों में ||
Two faces of my town not really too far,
Hungry children eating litter,
and a dog sitting in a car!
Saturday September 9, 2017 3:30 PM
Anurag Library, D-68 Nirala Nagar (Near IT College), Lucknow.

This bone-chilling narrative is not from a war-ravaged country or a refugee camp, it is a peacetime
description of the unfortunate souls who, are at the bottom of the wealth pyramid, here in our city.
A talk by Masood Rezvi, author of “Tightening Noose of
Poverty” on his book.
Many of us have seen this - walking through those shabby lanes, smelling of sewage and garbage dump,
snotty kids clad in tattered knickers playing barefoot in the cold cloudy afternoon, women trying to
burn the damp twigs to prepare a bowl of rice outside the makeshift house made of tin shades or
cardboards – but how often have we stopped by and tried to understand, why some of us have to live a
life so rotten and filthy, while some of us are on the Forbes list of billionaires? Why, when there is so
much talk about growth and development, a huge section of our society is living in a world of perpetual
poverty? A little introspection shows that all this is the result of the Doctrine of Wealth Maximisation
which is the guiding principle of the present day corporate world. Big business schools have
recently become deeply interested in poverty, but they look upon the Bottom of Pyramid only as a
promising “Market Segment”. As a result of all this, wealth is getting sucked to the wealthiest through
the working of a Wealth Section Pump.
We will try to see some glimpses of the BOP in our own city, will try to understand the BOP relations
and the working of the Wealth Section Pump, the impending disaster – if things are not changed and
corrected quickly – and will conclude with an invitation to start thinking sincerely for a solution
before it is too late.
Abstract …

You can get the book (full version) in digital format
upto September 12, 2017 absolutely free of cost from
the following link:
https://www.amazon.in//dp/B01BMKYHO6
or you can purchase it in paperback form from the
same link.
You can also purchase the book (abridged version) in
paperback format from the following link:
https://www.amazon.in/dp/1530079187
You can contact me on my email:
masoodrezvi@gmail.com
or can tweet to me
@RezviMasood
Where to get the book from …
Search Amazon store for “Masood Rezvi” you
will find it. Saturday September 9, 2017 3:30 PM

• This video was captured in 2005 in the heart of
Lucknow City.
• You can see children sitting in the dump of garbage
and eating a sugarcane stub picked up from the
garbage, sharing the place with stray cattle, crow and
dog and of course pathogenic micro-organisms of all
description.
• I am not aware whether they are Hindu or Muslim or
Sikh or Christian.
• I don’t know which caste they belong to.
• But there are two things I know for sure 1) They are
humans and 2) They are Indians.
• Are you watching this thing for the first time? Or have
you seen a similar thing with your own eyes earlier?
Watch this video …
Children of your own species “Homo sapiens” in
your own city Lucknow…
https://youtu.be/wkh_CLhORvg

• Holy cows and an Indian human child, struggle for the
same unhealthy and dangerous niche in the ecosystem
at our road side.
• Is this the Bottom of Pyramid?
• Or is the bottom still lower?
• Where do they live?
And this boy …
Two holy cows and a human child …

• This is not a refugee camp! It is peace time - Another
fine morning for city dwellers like me and you.
• A small child and her mother are seen in their
neighbourhood of houses - yes HOUSES - built of used
cardboard boxes and thrown away plastic sheets in
Lucknow, the capital of Uttar Pradesh, in India.
• In the background the historical clock tower of
Lucknow can be seen.
• Who is responsible?
• In a democracy, we the people?
Here they lived …
It is peace time in your own city Lucknow…

• The mother earns a few paise by collecting rotten
garbage from roadsides and selling it to the
kabadiwallahs or junk sellers.
A mother …
The burden of raising a family …

• And - carries home, fallen dry twigs to use as fuel for
cooking a lucky meal, if and when available.
• One such woman is seen carrying the twigs on her
shoulder in the foreground of the famous and
historical Chhota Imambada of Lucknow.
A mother …
The burden of raising a family …

• An extremely lucky father - may get a cycle - rickshaw
on hire to pull in scorching summer sun, and to
awkwardly lie down and sleep on when exhausted.
A lucky father …
Sweet dreams …

• A lucky young boy may also steal a few hours of sleep
after a tiring work day in his cosy bed.
A lucky youth …
Sweet dreams …

• Lucky families may eat out on road side cart
restaurants, in rusted tin dishes and may drink water
from used and thrown away plastic jars.
Eating out …
Yummy yummy …

• Lucky children may have big titanic and dangerous
toys to play with like this mortar mixer.
Playing around …
Is this me …

• Lucky children like this one, may find a thrown away
slipper to fulfil their innocent dream of trying a
footwear.
Playing around …
Happy with a thrown away slipper…

• Lucky farmers migrating into the city work as daily
wage labourers, despite their serious sickness, inching
towards death. Notice the tumorous growth at the
back of his head.
Sick …
With a tumour on the head …

• And comes ultimately the end! The picture was taken
just outside Residency, the famous tourist spot of
Lucknow in a scorching summer noon.
• Except that he was lying there dead, unconscious or in
coma, every thing else was normal and fine, as usual..
Rest in Peace …
In the heavenly abode …

• This picture was taken on a January morning after a
chilling night at Chowk, the most famous historical
square of old city of Lucknow.
• This poor man used to live there with all his valuable
possession which he used for protection from the
chilly weather.
• Except that he was lying there dead, unconscious or in
coma, every thing else was normal and fine, as usual.
Rest in Peace …
In the heavenly abode …

• If it was a fixed number of originally marginalised
people due to circumstances beyond our control their
numbers would have eventually declined, by many
climbing up the socioeconomic ladder, with the help of
the government and non-government charity
organisations etc.
• Not relying on any census or even sample survey
estimating the change in their population – because
neither have I been able to lay my hands on any such
data nor do I believe in the correctness or authenticity
of such statistics – on the strength of my own gut
feeling I claim that the number has never declined. It is
rather increasing. I will love if agencies jump in to
prove me wrong and collect and compile reliable
statistics for this purpose.
Where they come from? …
The source ...

• Where do they come from then?
• If you want a reality check, come along with me for a
morning walk on the Hardoi Road between Ghas Mandi
and Dubagga. These are the manual labour markets in
the city. You will find hundreds of men women and
even minor children, gathered at each junction of the
roads waiting to be hired for masonry work by
construction contractors or private people for some
physical work which may more often than not be also
hazardous for a daily wage of $2 or a little more.
• Only some of them are lucky enough to find someone
ready to hire them. Others go on waiting and waiting
for many days, often not having enough money to eat
even once in a day. They generally come to the city
from neighbouring rural and semi-urban areas in the
hoping to find some money to eat.
The source ...

• They come because they have lost the traditional
source of earning – their farmland – slowly and slowly
to moneylenders, to builders, to government projects;
or even to banking institutions because the funds
made available to them were not enough or in time to
produce enough return for them to pay back their debt
and interest thereupon. Frustrated, some of them
return to their native places to become bonded
labourers of big landlords, while others soon become
sick, meet with some accident etc and become
incapacitated for hard labour.
• This source feeds the cloud of the group under
discussion as the primary source or the root stock. The
women and even minor girls breed in this hostile
environment, not only in a family arrangement of some
sort but also as a result of sexual exploitation by
kabadiwallahs, truck and bus drivers, etc who during
their long journeys prefer to park their vehicles for a
rest near such ghettos.
The source ...

“Poor returns to cultivation and absence of non-farm opportunities
are indicative of the larger socio-economic malaise in rural India.
This is accentuated by the multiple risks that the farmer faces –
yield, price, input, technology and credit among others. The
increasing incidence of farmers’ suicides is symptomatic of a larger
crisis, which is much more widespread.”
(Mishra, S. (2007). Risks, Farmers’ Suicides and Agrarian Crisis in India: Is There A Way Out? Mumbai: Indira
Gandhi Institute of Development Research.)
Why do they come in from the
rural areas? …

• Article 39 of The Directive Principles of State
Policy clearly states that the State shall, in
particular, direct its policy towards securing—
• (a) that the citizens, men and women equally,
have the right to an adequate means of
livelihood; (b) that the ownership and control
of the material resources of the community are
so distributed as best to subserve the common
good; (c) that the operation of the economic
system does not result in the concentration of
wealth and means of production to the
common detriment; (d) that there is equal pay
for equal work for both men and women; (e)
that the health and strength of workers, men
and women, and the tender age of children are
not abused and that citizens are not forced by
economic necessity to enter vocations unsuited
to their age or strength; (f) that children are
given opportunities and facilities to develop in
a healthy manner and in conditions of freedom
and dignity and that childhood and youth are
protected against exploitation and against
moral and material abandonment.
• But at after a similar presentation I was
informed by my colleagues who are legal
experts, that the Directive Principle unlike the
Fundamental Rights is not enforceable by law.
Which, I think means that if a State does not
follow it you cannot sue the government in
any court of law.
The Directive Principle of our
Constitution …
Not enforceable! You cannot sue the
government for its implementation ... Saturday September 9, 2017 3:30 PM

“Every night on the outskirts of Manila, thousands of people lie
down to sleep amid acres of rotting food and industrial detritus in a
vast urban dumping ground called Payatas. At dawn, they rise and
swarm across a featureless landscape of trash and filth, hunting for
scraps of anything they can eat or sell. Payatas and the orderly,
verdant Harvard Business School campus—nearly equals, as it
happens, in terms of the acreage they occupy—are separated by a
gulf far greater than any measure of miles or statistics..”
(Emmons, G. (2007, April 04). The Business of Global Poverty - HBS Working Knowledge. Retrieved October
11, 2015, from Harvard Business School: http://hbswk.hbs.edu/item/5656.html)
Similar conditions do prevail in
other countries too …

According to the World Bank, nearly half the
world's population—some 2.8 billion people—
subsists on $2 a day or less. The number of people
living in poverty at the bottom of the wealth
pyramid, versus the relative handful at the
pyramid's peak, represents what is potentially the
most explosive socioeconomic challenge facing the
world.
(Emmons, G. (2007, April 04). The Business of Global Poverty - HBS Working Knowledge.
Retrieved October 11, 2015, from Harvard Business School:
http://hbswk.hbs.edu/item/5656.html)
And the situation is “explosive” …

Hi Masood,
I visited your website – it's a wonderful place that you've built! I was
moved by your stories and your plight to help those less fortunate. It is so
sad that no matter what country or what city we live, this type of poverty
exists. It doesn't seem fair that so many live with so little – that, children
have to suffer. You are doing a wonderful thing for these people just by
telling their story through your words and your pictures.
You should be very proud of your efforts and I wish you the very best in
this endeavour. The people of Lucknow will be a little bit better off
because of you.
Liz
Good wishes from someone in the
USA…

I don't know India. I know Kipling – He forces the reader to see
through the eyes of the narrator and see the things that are dirty
and ugly. And maybe this is why many people hate him as he
doesn't apologize for what he presents, but commands attention.
And this you must do for yourself with words as well as with your
pictures and you should never apologize for yourself: your
insights or your profession.
MARY C LEGG
An advice from a discerning soul in
Western Europe …

Maybe it is a story of your own land and your own neighbourhood and
you feel that it is your duty and my duty to immediately step in on
priority basis, and do whatever we can towards understanding the
situation, towards finding and devising a complete solution , and towards
implementing the solution, systematically even if that means a level of
commitment requiring personal sacrifices.
Or, maybe for you it is a story of those morons, sub-humans, inefficient,
lazy and lethargic, non-intelligent people, who are simply losing the battle
of survival in the struggle for their existence and will inevitably be wiped
off the face of the planet in the process of further speciation of the present
day human species Homo sapiens. Who are just as much worthy of care as
is any other species of primates like the chimpanzees or gorillas- and
deserve nothing more!
Does the story interest you?

Because, it is extremely necessary for survival of the human species. If we
don’t pay immediate attention to the cause we may perish, as a species –
like dinosaurs – in a couple of centuries or so.
This instinct of making sacrifice – altruism, as the biologists call it – is
inbuilt in our evolutionary psyche, but has been suppressed and killed by
faulty reasoning of some people.
This instinct is inbuilt in not only humans but has been recorded and
documented even in animals like monkeys, ravens and vampire bats
which share their food with other members of the species, and this is
genetically programmed into still lower species on the evolutionary
ladder like ants and bees. I will call it the instinct for do – gooding.
(Cox, D. (2015, January 26). Rationing ravens and merciful monkeys: can animals be altruistic? The
Guardian.)
But why should I make a sacrifice?

Scholars at high-class places of learning and
investigation like the Harvard Business School
are taking a serious interest in the matter. As
members of the School's Global Poverty Project
(GPP), Kash Rangan, John Quelch, and other
faculty members have studied and researched
the issue of business and global poverty for quite
some time.
The Business Schools working on
the challenge …

They believe that in pursuing its own self-
interest in the opening and expanding the
bottom of pyramid market, a business can make
a profit while serving the poorest of consumers
and contributing to development. As Rangan
explains, "For business, the bulk of emerging
markets worldwide is at the bottom of the
pyramid so it makes good business sense—not a
sense of do-gooding—to go after it.”
The Business Schools working on
the challenge …

Market: Market is a mechanism,
whereby the buyers and sellers
come in contact with each other and
freely agree to exchange goods and
services for money at a mutually
agreed price.
(Vashampayan, J. V (2006). Micro-Economic Theory. Published by New Royal Book Company
Lucknow. p 192-193)
Let’s understand the meanings of
a few terms…

Good Business Sense: “So the question is
do corporate executives, provided they
stay within the law, have responsibilities
in their business activities other than to
make as much money for their
stockholders as possible? And my answer
to that is, no, they do not.”
(Friedman, M. (1970, September 13). The Social Responsibility of Business is to Increase Its
Profits. New York Time Magazine.)
a few terms…

Good Business Sense: This
‘philosophy’ of wealth-maximisation
is very deeply ingrained into the
modern capitalist psyche. How
deeply? Let’s listen to Madonna –
(https://youtu.be/5P5thdAKBSM)
a few terms…

“…
Never say when, never stop at plenty,
If it's gonna rain, let it pour.
Happy with ten, happier with twenty
If you like a penny, wouldn't you like many
much more?
…
Except once you have it all [have it all]
You may find all else above [find all else
above]
That though things are bliss,
There's one thing you miss, and that's
More! More!
More! More! More! More!
More! More! More!”
(https://youtu.be/5P5thdAKBSM)
a few terms…

Bottom of the Pyramid: The bottom of the
pyramid, bottom of the wealth pyramid or
the bottom of the income pyramid is the
largest, but poorest socio-economic group.
In global terms, this is the 2.7 billion
people who live on less than $2.50 a day.
Management scholar CK Prahalad and
Stuart Hart (2004) popularised the idea of
this demographic as a profitable consumer
base in their book The Fortune at the
Bottom of the Pyramid.
(Wikipedia, Bottom of the pyramid.
https://en.wikipedia.org/wiki/Bottom_of_the_pyramid
Retrieved on Sept 01, 2017)
a few terms…
The wealth pyramid. As we move higher and
higher up in wealth we find fewer and fewer
people having that wealth and vice versa. Saturday September 9, 2017 3:30 PM

Unfortunately the pyramid is not that straight. It has been reported that the gap between the
ToP and BoP is widening over time in such a way that only 1% of the world population
controls 50% of the wealth today, and the other 99% is having access to the remaining 50%
only. On the basis of this report the wealth pyramid would look like the one shown in the
illustration.
(1. "Global Wealth Report 2015". credit-suisse.com. Retrieved 18 – 09 – 2016, 2. "An Economy For the 1%". oxfam.org.
Retrieved 18 – 09 – 2016, 3. Raghuram G. Rajan (2012). "Fault Lines: How Hidden Fractures Still Threaten the World
Economy". Amazon.com. Retrieved 24 – 07 – 2016 and 4. Jill Treanor. "Half of world's wealth now in hands of 1% of population
– report | Money". The Guardian. Retrieved 24 – 07 – 2016 )
a few terms…

... पानी बड़े काम की चीज़ है, लेककन इसमें एक ख़राबी है, यह
अपनी सतह हमवार रखता है| जब हम स्कू ल में पढ़ा करते
थे तब भी हमें इसपर यही एतराज़ था| इसकी देखा देखख
लोग सोचने लगते हैं कक इंसानों को भी अपनी सतह हमवार
रखनी चाहहए| यह ग़लत बात है, पानी पानी है, इंसान इंसान
है| हमारे साइंसदााँ आजकल बड़े बड़े दस्तखतों से लम्बे लम्बे
बयान ननकाल रहे हैं ताकक यह रुझान न फै ले| उन्हें चाहहए
कक पानी को समझाएं कक ममयां तू भी अपनी सतह ऊं ची
नीची रखा कर| ऊं च नीच में बड़े फ़ायदे हैं ...
(इबने इन्शा, उदूू की आखरी ककताब)

Satire aside, we all know that it is impossible to
move a material against the gradient i.e., from
lower level to a higher level, or area of its
lower concentration to higher concentration
without the working of some pump – In order to
lift water from ground level to our overhead
storage tanks we have to use a pump. Biological
systems use Sodium – Potassium Pumps and
such other complicated pumping systems to
move ions from areas of their lower
concentration to higher concentration.
Wealth too could not have moved and cannot
move against the gradient – from pockets of
lower wealth to higher wealth – unless some
pump is working to do so.
The pump …
The wealth sucker pump visualised ...

Coming back to the advice of Prahalad & Hart and
Rangan & Quelch etc for the business to look at the
BOP as the biggest segment of emerging markets with
a good business sense devoid of a sense of do –
gooding, seeking fortune at the bottom, let’s try to
visualise the probable flow of wealth if this so
happens, and who will benefit from such a connection
between the corporates governed by a pure good
business sense, and the dwellers at the BOP.
Let D be the amount invested by the corporates at the
TOP in the BOP markets,
Let G be the total post operational amount at the BOP
and U be the amount which sublimates back to the
TOP to the corporates.
It is plainly obvious that to fulfil their “Wealth
Maximisation Objective” dictated by the pure good
business sense U at the end of the project period must
be much bigger than D …
“Market” and “fortune” at the
BOP …
The wealth flow visualised ...

If this mechanism has to benefit the BOP too in some
way, G minus U must remain positive. That is the
following inequality must hold:
G – U = R > 0
If it is not so, obviously the BOP will move deeper and
TOP farther up as more money will be sucked from the
BOP to TOP. However, let us assume that the inequality
G – U = R > 0
holds true and U – D = S is the surplus of the corporate
which goes towards increase in wealth of its share
holders and other TOP stakeholders like the lenders of
capital and land lords, managers and white collar
employees mostly from either TOP orMOP. What will
remain at the BOP (G – U = R) will at best consist of the
wages of the blue collared labours W:
R ≤ W
BOP …

Obviously
S > R
Now suppose we denote the number of stakeholders in
the MOP and TOP claiming a share in S, as n and the
number of customers and workers at the BOP as m
then by simple reasoning we know that:
m > n
Thus the average increase in the purchasing power
(wealth) of the stakeholders in the MOP and TOP will
be much much greater the average increase in the
purchasing power of the BOP junta, as shown below:
S/n >> R/m
This will obviously result in a much faster flow of real
goods and services from BOP to TOP making the split
between the two more pronounced and sharper.
BOP …

“The East India Company can be seen as the
mother of the modern corporation, pioneering the
modern joint-stock model of financing, as well as
the transnational systems of business
administration and governance. ”
(Robins, N. (2008, June 27). This Imperious Company - The East India Company And The Modern
Multinational. Retrieved October 13, 2015, from Gresham College:
http://www.gresham.ac.uk/lectures-and-events/this-imperious-company-the-east-india-
company-and-the-modern-multinational)
World’s first corporate and India …

In 1600 when the East India Company got its first charter,
its primary objective was to earn profits (maximise
wealth?) from overseas trade. In the beginning, when it
started trading in India there was hardly any British
product it could sell in India in order to purchase the
Indian farmers’ and artisans’ products. The Company thus
was given an authorisation to take gold and silver and
coins of these metals to India worth £30,000 per annum.
The entrepreneurs of The Company, however, did not like
the idea of paying gold and silver for the Indian produce.
(Puri, V. K., & Misra, S. K. (2015). Indian Economy. New Delhi: Himalya Publishing House.)

•
But The Company eventually seized political power and was able
to tilt the balance of exchange in its favour and secure maximum
goods for minimum payment.
“The merchant in any case, always favourably placed in relation to
the individual producer, whether weaver or peasant, to dictate
terms favourable to himself, was now able to throw the sword into
the scales to secure a bargain which abandoned all pretence of
equality of exchange.”
(Dutt, R. P. (1970). India Today , 101)

“One of the very first Indian words to enter the
English language was the Hindustani slang for
plunder: “loot”. According to the Oxford English
Dictionary, this word was rarely heard outside the
plains of north India until the late 18th century,
when it suddenly became a common term across
Britain..”
(Dalrymple, W. (2015, March 4). The East India Company: The original corporate raiders.
Retrieved October 13, 2015, from the guardian:
http://www.theguardian.com/world/2015/mar/04/east-india-company-original-corporate-
raiders)

The entrepreneur capitalist in the infancy of The
Company directly plundered Indian people first
and then through the Crown. This experiment
taught their successors the lesson that for them
it was more economical and convenient to loot,
not directly, but through the state. And the lesson
learnt continues to be practised, not in India
alone, but in the entire world.
Role of Governments …

For example, when acquiring large tracts of land:
“For the private sector, going through the
government rather than negotiating directly with
farmers can be advantageous, especially where
large tracts of land are concerned.”
(Chandra, K. (2015, October 10). The New Indian State The Relocation of Patronage in the Post-
Liberalisation Economy. Economic & Political Weekly , pp. 46-58.)
Role of Governments …

While I was writing this book the Akhlaque
tragedy took place in Dadri. On searching the
web I found that it is the same place where
farmers had jointly – across all religious
denominations – protested against acquisition of
their lands for a mighty corporate at throw away
price and had to face a brutal lathicharge against
which compliant was made at the National
Human Rights Commission.
Was it a mere coincidence? …

“… the land of seven villages in Ghaziabad district measuring
about 2500 acres was acquired by the State for the Reliance
Power Project in Dadri. The affected villagers were awarded
a meagre compensation of ₹150/- ($2.32 at October 2015
conversion rate) per sq. yard for their lands though the
prevailing price was somewhere around ₹500/- ($7.72 at
October 2015 conversion rate) per sq. yard.”
(National Human Rights Commission. (2006). NHRC Seeks report from the U.P. Government on its
plan to relocate and rehabilitate persons affected due to land acquisition for Reliance Power
Project. Retrieved October 14, 2015, from National Human Rights Commission, New Delhi, India:
http://nhrc.nic.in/disparchive.asp?fno=1330)

Four thousand eight hundred and forty square yards make an acre. So,
our government procured each of the 2500 acres of land from farmers for
Reliance, one of the biggest Indian corporate houses at a mere 4840×15=
₹ 72,600 per acre in the suburbs of the national capital!
I am not aware as to what finally happened of this complaint. But now
after the beef rumour lynching case, at least, the local farmers are divided,
guilt-ridden, and implicated and involved in another issue, quite different
from the price of their land to be paid by the government and the
corporate house.
Earlier, a united farmer community fought against state-sponsored loot.
Today, people are being made to fight among themselves in the name of
religion.

Similarly, was the concurrence of Ayodhya issue with Economic
Liberalisation a mere coincidence?
Was the concurrence of an over hyped hanging drama of Afzal Guru with
Vyapam and Farmer Suicide noises, a mere coincidence?
Was the concurrence of Junaid case with the noise on GST etc, a mere
coincidence?
I have no answer!

"Various studies conducted at different times on rural indebtedness
revealed that the farming community was in the clutches of local money
lenders. The terms of lending by these moneylenders were unfavourable and
inimical to the interests of the farmers."
(Indian Council of Agricultural Research. (1987). Handbook of Agriculture. New Delhi: Indian
Council of Agricultural Research.)
Farmers the worst sufferers …

What actually was unfavourable and inimical to the
interests of farmers?
a. The provision of credit to farmers, especially to poor small and
marginal farmers and the interest rate on such credit, was
entirely dependent on the sweet will of the moneylender (mainly
local traders and goldsmiths) on whom they depended
exclusively for their liquidity. and
b. The moneylender was powerful both in terms of his knowledge
and access to the prevalent legal system and in terms of muscle
power and his ability to intimidate the borrower as and when he
so wished.

The Indian Government stepped in, nationalised main
banks and forced them to open branches in rural areas at
better interest rates at times even as low as 4% pa (in an
era when Bank Rate was around 10%) and slowly the
banks took over the rural credit in a big way.

At the national level, the total direct finance of scheduled
commercial banks to agriculture grew from 235 crore rupees
(1crore=10 million) in 1970-71 to 95565 crore rupees in 2004-
05 (406.66 times!). The total indirect finance (indirect finance to
agriculture is lending for fertilizer distribution, and loans to
electricity boards for energisation of pump sets, loans to farmers
through agriculture credit societies etc,) similarly grew from 143
crore rupees in 1970-71 to 36071 crore rupees in 2004-05
(252.25 times). The total direct plus indirect finance to
agriculture by the scheduled commercial banks grew from 378
crore rupees in 1970-71 to 131636 crore rupees in 2004-05
(348.24 times)

In the same time period i.e., 1970-71 to 2004-05 the national
food grain production improved from 99.50 million tonnes to
198.36 million tonnes (The growth was 1.99 times only!!)
(Reserve Bank of India, 2005-06)

Later, on the banks were denationalised and there shares taken up by the
rich. The steps in the entire story could be reckoned as under:
1. The farmer was in the grip of local village moneylender, who exploited him because
he, the moneylender, was more resourceful than the borrower.
2. Banks were nationalised and took over the farm credit almost completely.
3. They were subsequently privatised and their shares were taken up by moneyed
people all over.
4. They are any day much more resourceful and organised than the local moneylender
was! There is a hype about freeing of the farmer from the clutches of the
moneylender but isn’t it so that actually, the moneylender has grown more
organised and powerful through just becoming a shareholder of the banks, and can
even tell the governments that it needs special coercive and unilateral recovery
powers from the Government for recovery from the poor people?

“If outstanding debt increases by
₹1000 then the odds that the
household is one with a suicide victim
increases by 6 percent ...”
(Mishra, S. (2007). Risks, Farmers’ Suicides and Agrarian Crisis in India: Is There A Way Out?
Mumbai: Indira Gandhi Institute of Development Research.)

According to United Nations Industrial Development
Organization (UNIDO), Corporate Social Responsibility
(CSR) is a management concept whereby companies
integrate social and environmental concerns in their
business operations and interactions with their
stakeholders. CSR is generally understood as being the way
through which a company achieves a balance of economic,
environmental and social imperatives (“Triple-Bottom-
Line- Approach”) while at the same time addressing the
expectations of shareholders and stakeholders.
Corporate Social (Ir)Responsibility
(CSR) …

Confederation of Indian Industries (CII) describes CSR in India as
follows: The Companies Act, 2013 has introduced the idea of CSR to
the forefront and through its disclose-or-explain mandate, is
promoting greater transparency and disclosure. Schedule VII of
the Act, which lists out the CSR activities, suggests communities to
be the focal point. On the other hand, by discussing a company’s
relationship with its stakeholders and integrating CSR into its core
operations, the draft rules suggest that CSR needs to go beyond
communities and beyond the concept of philanthropy. It will be
interesting to observe the ways in which this will translate into
action at the ground level, and how the understanding of CSR is set
to undergo a change.
(CII. (2013). Handbook on Corporate Social Responsibility in India. Gurgaon: PWC.in.)
(CSR) …

Business News Delhi identifies key CSR issues as:
1. environmental management,
2. eco-efficiency,
3. responsible sourcing,
4. stakeholder engagement,
5. labour standards and working conditions,
6. employee and community relations,
7. social equity,
8. gender balance,
9. human rights,
10. good governance, and
11. anti-corruption measures.
(Fallon, N. (2015, June 19). What is Corporate Social Responsibility? Retrieved October 19, 2015,
from Businessnewsdaily.com: http://www.businessnewsdaily.com/4679-corporate-social-
responsibility.html)
(CSR) …

The basic principle of corporate responsibility is said to involve such
responsible business practices which are ethical in nature, and practices
which respect and recognize human rights, fair sourcing and protection of
the environment. This sounds as a healthy departure from Friedman’s
advocacy of wealth maximisation, more candidly preached by Madonna
through her song.
However, absence of any prescribed penalties in case any company fails to
comply or set aside two percent of Net profits for CSR is another grey area
since it is not clear whether any company can get away from non-
compliance simply by disclosing reasons for not spending mandatory
amount or would they be liable to pay any sort of penalties.
(CSR) …

This is said to be a major setback due to an absence of a deterrent force
to curb fraudulent practices. Similarly, there is an absence of clearly laid
down powers, duties and responsibilities of the Committee entrusted to
carry out the CSR policy and this leads to the failure of purpose with
which the framework was set up by any company.
Forget about complying with the CSR norms, loosely legislated in India,
just think whether there is any real deterrent to stop plundering of the
poor public in small small amounts by the corporates?
Is there any one present in the audience who has never been cheated
personally by a telecom service provider?
(CSR) …

Do you know that in the first reality show, Sa Re Ga Ma (2007) aired by
the Zee TV, organised to search the "Voice of the World" or the best singer
of Hindustani songs took a whooping amount of more than 318 million
(30 crore 18 lac) rupees in its mega finale episode alone out of the
pockets of common Indian people into the coffers of the corporates.
On 13 October at the grand finale, the show broke voting records with a
collection of 10,61,44,354 votes through SMS. Since I did not vote for any,
I wondered how much it costs a voter to cast one such vote on phone or
SMS. Some said ten rupees per vote others said six rupees per vote some
others said no it was just three rupees an SMS. I could not verify the
figures for myself and, therefore, put it at the lowest that is three rupees
per vote.
Will you call it a loot? Or was it a fair ethical business? I don’t know!
(CSR) …

Forgot Vyapam?
“Every so often, it takes one isolated instance of a
misdemeanour to spark off renewed demands for improved
corporate governance. The need is felt more acutely in times
of slowing demand; when the going is good, caution and,
indeed, good corporate governance is thrown to the winds.
Everybody swims along with the tide, and the whistleblowers
are branded society's curmudgeons. "
(Singhal, R. (2008). Corporate governance... What's that? Economic Times.)
Corporate Governance? …

“Corporate governance broadly refers to the
mechanisms, processes and relations by which
corporations are controlled and directed.”
(Lee, J., & Shailer, G. ( 2008). The Effect of Board-Related Reforms on Investors . Australian Accounting
Review.)

In India:
“Corporate governance is the acceptance by management of
the inalienable rights of shareholders as the true owners of
the corporation and of their own role as trustees on behalf of
the shareholders. It is about commitment to values, about
ethical business conduct and about making a distinction
between personal and corporate funds in the management
of a company.”
(Securities and Exchange Board of India. (2013, February 8). Report of the SEBI Committee on Corporate
Governance. Retrieved August 17, 2014, from SEBI: http://www.SEBI.gov.in/commreport/corpgov.pdf.)

The three party
conflict in corporate
governance.
Arrows show the
flow of money from
one party to another.

What happens to cases of Corporate Misgovernance?
Here is a report published in Business Standard (Inamdar, 2013),
which lists the following as the five big Corporate scams pending
judgments, in which the under-trial accused continue to roam
scot-free, years after cases were filed against them:
• Ketan Parekh Securities Scam (2001) – Parekh was allegedly
involved in circular trading and stock manipulation through 1999-
2001 in a host of companies. Like Harshad Mehta, Parekh too, it is
alleged borrowed from banks like Global Trust Bank and
Madhavpura Mercantile Co-operative Bank, and manipulated a
host of stocks popularly known as K-10 stocks.

• Home Trade Scam (2002) – A brokerage allegedly embezzling
funds from over 25 corporate banks across Maharashtra by luring
them with higher interest rates on gilt trading. Investigations
revealed that the G-Secs which Home Trade claimed to have bought
were not physically delivered and may not have even existed.
• Satyam (2009) – An accounting scandal where the accused
confessed to having cooked up the accounts of Satyam Computers
and inflated its bank balances.

• Speak Asia Scam (2011) – An online business survey firm that allegedly
collected thousands of crores of rupees from over 24 lakh investors, asking
them to fill surveys and guaranteeing to quadruple their income in one
year, Speak Asia was accused of running a Ponzi scheme. A criminal case
was registered against the firm in 2011, some of its accounts were frozen,
and its business was shut down.
• Saradha Chit Fund Scam (2013) – One of the biggest Ponzi schemes in West
Bengal that allegedly enjoyed political patronage and lured millions of
investors to deposit money with the promise of abnormally high returns
including fancy holidays etc. The chit fund eventually collapsed leading to
defaults after a crackdown by SEBI and the Reserve Bank of India. The
default, apart from leaving small depositors high and dry, also led to 10
media outlets owned by Saradha being forced to wind up, leaving 1000
journalists jobless.
(Inamdar, N. (2013, October 30). India's top 5 corporate scams stuck in judicial quagmire. Business
Standard Mumbai.)

• This video is available on YouTube.
• It depicts the effects of the desire for maximisation of
wealth resulting into over exploitation and rapine
• They have become rich at the expense of the entire
planet Earth, our home planet the motherland of the
entire humanity, in economic jargon this is called
externalisation of cost.
• Many scientists of very high repute have opined that
the planet is bound to face a complete devastation
within a century or so. It is not that the TOP is not
aware. They are fully aware and they have devised
their future move.
• "It will be difficult enough to avoid disaster on planet
Earth in the next hundred years, let alone the next
thousand, or million. The human race shouldn't have
all its eggs in one basket, or on one planet. Let's hope
we can avoid dropping the basket until we have spread
the load.”
•
Watch this video …
Stephen Hawking on environmental
degradation …
https://youtu.be/yrNoXsaWcmQ

"It will be difficult enough to avoid disaster on
planet Earth in the next hundred years, let alone
the next thousand, or million. The human race
shouldn't have all its eggs in one basket, or on
one planet. Let's hope we can avoid dropping the
basket until we have spread the load.”
(Stephen Hawking's Warning: Abandon Earth—Or Face Extinction”. on bigthink. Retrieved on June 27,
2016)
Notice the word “Until”.
The final split …

If this dream of 1% or less and nightmare of 99% or
more of the human species really comes true, imagine
who’s “eggs” will stand a chance of being transferred to
a safe basket – an extraterrestrial abode?
Answer is very simple: Only of those who could afford
a space travel.
Once their brood is safely settled elsewhere they will
have only one interest in planet Earth, plundering
whatever remains here for taking it to their new
abode.
If God forbade that ever happens that will be
The Final Split.
We the 99% BOP/MOP earthlings have no time for a
comfortable slumber – hardly a century or so – if we
have to believe those scientists.
The final split …
If not checked in time, this is what is cooking …

• We have seen that the concentration of wealth at the TOP with the help of the Wealth Suction Pump
is being fuelled by the doctrine of “Wealth Maximisation”.
• This doctrine of “Wealth Maximisation” based world order is favouring “Selection” of the dark human
personality traits – Machiavellianism, Narcissism and Psychopathy – mainly Machiavellianism which
if left unbridled apparently is going to result in complete destruction of mother earth at the hands of
the 1% or less Machiavellians at the TOP within not too far a future but a century or so.
• The situation can perhaps be averted only by a complete change in the world view – from “Wealth
Maximisation” to “Maximisation of the Survival Chance of the Human Species Homo sapiens” as we
know it today and that too without wasting a moment, as the time is running out extremely fast.
• How to achieve this target? Where to start from? Is the big question I am throwing open to the my
audience here and across the world …
To conclude …

The Split Humanity

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The Split Humanity